Danielle Park returns… Is the trend bearish or is the decline behind us? The S&P rallied 35%, in line with prior bear market rallies. You can celebrate making back losses or try to figure out what’s going to happen next and avoid more losses. You should always remember that many of the talking heads are traders and they’re time horizon is much short than the average investors. Don’t get suckered. Timing is everything. We also discussed the appearance of millions of deferrals. People can’t afford to pay their auto loans, mortgages and credit card bills. Creditor are only too happy to defer payments, but is that a solution? Eventually the debt will have to be payed back or defaulted upon or forgiven. Which one are we heading for?
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